Tax-the-rich debate heats up with N.Y. budget deadline soon
Democratic lawmakers want to increase taxes on wealthy New Yorkers, but budget watchdogs warn of the effect.
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Democratic lawmakers want to increase taxes on wealthy New Yorkers, but budget watchdogs warn of the effect.
Hochul and the legislature are far apart on proposals to tax the rich and make changes to bail reform, setting up an intense week as the budget deadline looms.
Changes to the state's bail reform laws and increasing taxes on the wealthy are two budget issues supported by New Yorkers, but they are dividing Governor Hochul and the legislature.
The Legislature rejected Hochul's proposed cost shift to counties.
Patrick Orecki, director of state studies for CBCNY, says the state needs to consider the long-term.